PORTLAND—CBRE Global Investors has acquired The Park Square Campus, a 295,767-square-foot, class A two-building urban office campus located in the heart of Downtown Portland, on behalf of a European separate account client. The property is 97.5% leased to a quality roster of investment-grade tenants with a weighted average lease term of 8.7 years. Park Square's strategic location at 100 SW Market St., adjacent to Pettygrove City Park, provides convenient access to multiple transportation options, a strong amenity base, and an educated labor pool. The recently renovated property features amenities such as an 8,000-square-foot Great Room connecting the two buildings, a patio, onsite restaurant, updated lobby and secure bicycle parking with lockers, as well as 24-hour security and card key access.

MILL VALLEY, CA—Thompson | Dorfman Partners LLC, a San Francisco Bay Area real estate development and investment firm, through its TDT Ventures subsidiary, and equity partner, BayNorth Capital of Boston, has sold a 68-unit apartment community in Alameda County for $14.26 million, representing $209,824 per unit; $307 per square foot. TDT purchased Solaris Apartments in 2008 for $7.1 million. “On many levels, this project was very successful,” says Bruce Dorfman, principal with Thompson | Dorfman Partners. “Through active ownership, we repositioned a poorly maintained and poorly managed 1960s-apartment building to provide quality and affordable workforce housing. There is a huge demand for this type of product in the Bay Area and we continue to look for similar opportunities. Not only did we dramatically improve the property, which benefits our residents and the surrounding community, but we also exceeded our return metrics for our partners, even though we acquired the property just before the market meltdown in late 2008.”

NEWS & NOTABLES

ROCKLIN, CA—Las Vegas-based Trimble has entered into an agreement to acquire privately held Building Data, based in Rocklin, CA. Building Data's managed content and software solutions enable mechanical, electrical and plumbing contractors and engineers to produce intelligent, constructible models by including manufacturing-specific content from a proprietary database of over 6 million 3D data components. The combination of Building Data's experience in Building Information Modeling content paired with Trimble's leadership in providing software and hardware solutions for building construction will empower contractors and engineers to gain efficiencies throughout the building lifecycle. The transaction is expected to close in the fourth quarter of 2016.

SAN FRANCISCO—True to its roots in the Bay Area, Pacific Union International is leading the US residential real estate industry with new and impactful technologies in its growing kit of innovative sales and communication tools that are transforming the industry, according to a release. Ranked as the ninth-largest brokerage in the nation based on 2015 sales volume of $8.2 billion by REALtrends, Pacific Union invests in developing game-changing technologies for residential real estate professionals. The firm's latest innovation is its proprietary Best Buyer Report, which analyzes a real estate listing's neighborhood location, surrounding community features and amenities, and the home's physical features to instantly create a target buyer demographic profile. By using leading-edge consumer demographic data and strategically matching the BBR results with digital marketing execution, clients and real estate professionals can confidently reach their target buyer pool through curated digital ads specifically designed for each listing to quickly attract the highest-probability buyers.

SAN FRANCISCO—Scott Biethan, head of CBRE Hotels' Consulting, and Kevin Mallory, CBRE Hotels' global head, have revealed that Chris Kraus, MAI as the CBRE Hotels' Consulting practice leader for Northern California, the Pacific Northwest and the Rocky Mountain regions. With the recent passing of Thomas E. Callahan, Kraus has assumed the day to day role of overseeing and running the business' hospitality consulting efforts within those markets.

DEALTRACKER

PORTLAND—CBRE Global Investors has acquired The Park Square Campus, a 295,767-square-foot, class A two-building urban office campus located in the heart of Downtown Portland, on behalf of a European separate account client. The property is 97.5% leased to a quality roster of investment-grade tenants with a weighted average lease term of 8.7 years. Park Square's strategic location at 100 SW Market St., adjacent to Pettygrove City Park, provides convenient access to multiple transportation options, a strong amenity base, and an educated labor pool. The recently renovated property features amenities such as an 8,000-square-foot Great Room connecting the two buildings, a patio, onsite restaurant, updated lobby and secure bicycle parking with lockers, as well as 24-hour security and card key access.

MILL VALLEY, CA—Thompson | Dorfman Partners LLC, a San Francisco Bay Area real estate development and investment firm, through its TDT Ventures subsidiary, and equity partner, BayNorth Capital of Boston, has sold a 68-unit apartment community in Alameda County for $14.26 million, representing $209,824 per unit; $307 per square foot. TDT purchased Solaris Apartments in 2008 for $7.1 million. “On many levels, this project was very successful,” says Bruce Dorfman, principal with Thompson | Dorfman Partners. “Through active ownership, we repositioned a poorly maintained and poorly managed 1960s-apartment building to provide quality and affordable workforce housing. There is a huge demand for this type of product in the Bay Area and we continue to look for similar opportunities. Not only did we dramatically improve the property, which benefits our residents and the surrounding community, but we also exceeded our return metrics for our partners, even though we acquired the property just before the market meltdown in late 2008.”